Examlex
Which term is used to describe an online, personal journal in the form of a web page that contains posts on one or more topics which are usually displayed in reverse chronological order?
Liability Account
An accounting record that represents a company's legal debts or obligations that arise during business operations.
Other Accounts
Other accounts generally refer to miscellaneous financial accounts on a company's balance sheet that don't fit into standard categories like assets, liabilities, or equity.
Debit Entry
An accounting entry that results in either an increase in assets or expenses, or a decrease in liabilities or equity, on a company's balance sheet.
Account
A record in financial accounting that tracks the financial transactions related to a specific asset, liability, equity, revenue, or expense.
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